Loans account for 68% of bank assets in Azerbaijan

Loans account for 68% of bank assets in Azerbaijan
# 25 December 2008 16:00 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of December 1, loans lent to customers account for 67.5% of assets in Azerbaijan’s banking system, said the National Bank of Azerbaijan.
The share was 67.7% early this year and 62.7% early last year.
By international practice, the level above 70% is considered as risky and vulnerable, indicating improper diversification of assets operations and mismanagement of risks. The threat is the overdependence of the banking system on lending.
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